Market Watch

Market Watch

A sampling of advisory opinion

Economics by Miller Tabak 331 Madison Ave. New York, N.Y. 10017 Nov. 14: We tend to take faltering consumer-spending concerns with a grain of salt. Unless a major macroshift takes place, such as renewed signs of recession, consumers simply rinse and repeat. If there is one thing that the recession affirmed to many Wall Street economists, it was never to rule out the vigor of the U.S. consumer. One of our major themes during the recovery has been the rise to record highs for consumer spending in spite of the slow crawl for employment. Even retailers were responding at a sluggish pace by...